We appointed an external consultant to support the process of selecting and acquiring a TMS. We did not have TMS experience within the treasury team, which was all new, and our IT organisation had been restructured, moving to an outsourced support model, so we needed to access specialist expertise and project management skills externally. Dana had an existing relationship with Treasury Strategies, and I had also worked successfully with them at a previous employer, so it made sense to work with them on this project. We found that working with an external consultant was very valuable during the selection process and project planning, but we found that it was easier to use internal resources later in the project to increase accountability and ensure that the right resources within the business could be deployed. Consequently, I became 100% dedicated to the project, and consulted with Treasury Strategies as required.
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